After reading Greenberg and Wilner’s article, “Teaching Inventory Accounting: A Simple Learning Strategy to Achieve Student Understanding” (2011), found at: Greenberg, R. K. & Wilner, N.A. (2011). Teaching inventory accounting: A simple learning strategy to achieve student understanding . Issues in Accounting Education, 26(4): 835-844Discuss why you think the authors’ statement below causes confusion among students in regard to understanding the differences among FIFO, LIFO, and average cost:Students have a difficult time understanding the difference between the physical flow of inventory and the cost flow assumption. Specifically, they do not understand that the actual physical flow of goods relates to a process undertaken by a manufacturer or merchandiser, while the cost flow assumption relates to accounting reporting conventions. The physical flow does not have to be the same as the cost flow assumption (p.836).https://customwriting.s3.amazonaws.com/BP3093/Teaching%20Inventory%20Accounting.pdf?versionId=wv2liIMQGTVoeCChWByW7_c6e4vYP6HI&AWSAccessKeyId=AKIAIDY3BOXYKEAMAEOQ&Expires=1459310546&Signature=2WMFor2ORmC1wHShPHENs%2F52mZs%3D
Place a similar order with us or any form of academic custom essays related subject and it will be delivered within its deadline. All assignments are written from scratch based on the instructions which you will provide to ensure it is original and not plagiarized. Kindly use the calculator below to get your order cost; Do not hesitate to contact our support staff if you need any clarifications.
Whatever level of paper you need – college, university, research paper, term paper or just a high school paper, you can safely place an order.